ShanH Technology Limited Files for Hong Kong IPO as a Consumer Electronics Recycling Service Provider in China

Newtimespace News: According to the HKEX disclosure, ShanH Technology Limited submitted its main board listing application to the Hong Kong Stock Exchange on May 25, 2026, with Zero2IPO Capital acting as the sole sponsor.

Founded in 2016, ShanH Technology is a consumer electronics recycling service provider in China, focusing on efficient trade-in solutions, with used mobile phones as its main business. Through its proprietary BOSS system (including the Shanhui Recycling System and the Shanhui Youpin online sales platform), the company can simultaneously execute recycling and resale transactions within minutes. During the track record period, the company provided trade-in recycling services to upstream procurement partners across over 77,000 offline stores in 31 provinces, purchasing a total of more than 4.3 million units of used consumer electronics products.

The company's revenue increased from approximately RMB 1,158.4 million for the year ended December 31, 2023, to approximately RMB 1,297.3 million for the year ended December 31, 2024, and further to approximately RMB 1,770.8 million for the year ended December 31, 2025, representing a compound annual growth rate of approximately 23.6%.

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